Active
206-250 Mills Avenue
Las Vegas NM, 87701
$6,300,000
Active
Commercial
Courtesy of EXP Realty LLC
Mills Plaza offers investors the unique opportuinty to achieve significant upside in the near term by leasing current vacancies and the newly approved drive-thru pad site. There are currently eleven vacancies, totaling 15,459 square feet, and a 9,000 square foot pad site with drive-thru, available to lease to a quick serve restaurant (QSR), bank, or car wash. Combined they equate to a physical vacancy of 36.2%. An investor will have the opportunity to increase the NOI by 27%, by leasing half vacant inline suites at $15 per square foot and the pad site at $5.56 per SF.Shopping center spans 58,460 SF on 3.68 acres and includes 9,000 SF padsite. Renovation work underway on vacant units.
1061334
MLSⓇ ID
April 24, 2024
Listed
September 17, 2024
Updated
Map
206-250 Mills Avenue
Las Vegas NM, 87701
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Other
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
3.68 Acres
Other Property Details
Area Name
600 - San Miguel
Days on Market
128
Garage
No
Parking
On Site
Parking Total
140
View
No
County
San Miguel
Pool
No
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